NFT stands for non-fungible token, a unique bit of data stored on a blockchain that confers a type of ownership of a piece of content. However, people often use “NFT” to refer to the content itself, which can include images, video, gifs, and all sorts of other digital creations. NFTs are often described as digital collectibles, with the blockchain – a digitally distributed, computationally intense leger – acting as the database of who owns what.
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